Vermilion Bank & Trust Company Mortgage Rates, Fees & Info

Kaplan, LA

LEI: 549300NO5XZV44V0UV76

Tax ID: 72-0503829

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Vermilion Bank & Trust Company is a smaller bank specializing in Cash Out Refi, Refi, and Home Purchase loans. Vermilion Bank & Trust Company has a high proportion of conventional loans. Their top two markets are Lafayette and Jennings .

    Vermilion Bank & Trust Company has an above average approval rate when compared to the average across all lenders. Vermilion Bank & Trust Company is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    49

    Origination Dollar Volume (All Markets)

    $2,595,000

    Employee count

    29

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    LAFAYETTE, LA (FHA|USDA|VA) 48 $2,540,000 $52,917 $930 6.50%
    Jennings, LA (FHA|USDA|VA) 1 $55,000 $55,000 $1,318 6.25%
    Vermilion Bank & Trust Company's top markets include Lafayette and Jennings among others.

    Their top states include:
  • Louisiana (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 49 $2,595,000 $52,959 $949 6.49%

    For 2018, Vermilion Bank & Trust Company's most frequently originated type of loan was Conventional, with 49 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 20 $850,000 $42,500 $997 6.40%
    Refi 13 $1,025,000 $78,846 $633 6.34%
    Home Purchase 9 $545,000 $60,556 $1,452 6.97%
    Home Improvement 5 $85,000 $17,000 $318 6.45%
    Other 2 $90,000 $45,000 $623 6.38%

    For 2018, Vermilion Bank & Trust Company's most frequently cited loan purpose was Cash Out Refi, with 20 originations. The 2nd most popular reason was Refi, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    3 Year 24 $1,390,000 $57,917 $0 6.42%
    30 Year 8 $510,000 $63,750 $908 6.25%
    Other 4 $110,000 $27,500 $1,074 6.44%
    20 Year 4 $220,000 $55,000 $509 6.44%
    15 Year 3 $195,000 $65,000 $2,409 7.50%
    1 Year 2 $110,000 $55,000 $0 5.50%
    5 Year 2 $30,000 $15,000 $482 7.75%
    10 Year 2 $30,000 $15,000 $143 6.75%

    For 2018, Vermilion Bank & Trust Company's most frequently cited loan duration was 3 Year, with 24 originations. The 2nd most popular length was 30 Year, with 8 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 21 $1,075,000 $51,190

    Vermilion Bank & Trust Company's average total fees were $908, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 21 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 33 $1,565,000 $47,424
    5-6% 12 $790,000 $65,833
    Over 8% 2 $70,000 $35,000
    4-5% 1 $95,000 $95,000
    7-8% 1 $75,000 $75,000

    During 2018, Vermilion Bank & Trust Company's average interest rate for loans was 6.25%, while their most frequently originated rate bucket for loans was 6-7%, with 33 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 45 $1,895,000 $42,111 $940 6.50%
    $100k-200k 3 $455,000 $151,667 $1,121 6.75%
    $200k-400k 1 $245,000 $245,000 $0 5.50%

    2018 saw Vermilion Bank & Trust Company place emphasis on $100,000 or less loans with 45 originations, totaling $1,895,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 13 $745,000 $57,308 $1,482 6.52%
    $100k-150k 12 $980,000 $81,667 $595 6.10%
    $50k or less 11 $385,000 $35,000 $342 6.92%
    $75k-100k 6 $200,000 $33,333 $3,401 6.42%
    $150k-250k 5 $245,000 $49,000 $143 6.40%
    $250k+ 1 $25,000 $25,000 $0 6.75%

    Vermilion Bank & Trust Company lent most frequently to those with incomes in the $50k-75k range, with 13 originations. The second most popular income band? $100k-150k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 13 $725,000 $55,769 $1,117 6.42%
    20-30% 10 $630,000 $63,000 $626 6.51%
    30-36% 7 $325,000 $46,429 $685 6.82%
    >60% 3 $375,000 $125,000 $0 5.67%
    38% 3 $185,000 $61,667 $2,358 6.50%
    45% 2 $20,000 $10,000 $0 6.63%
    41% 2 $30,000 $15,000 $0 6.63%
    43% 2 $80,000 $40,000 $1,116 6.75%
    44% 2 $30,000 $15,000 $0 6.75%
    36% 1 $45,000 $45,000 $130 6.50%
    37% 1 $35,000 $35,000 $513 6.25%
    40% 1 $5,000 $5,000 $120 6.75%
    49% 1 $95,000 $95,000 $0 5.50%
    50-60% 1 $15,000 $15,000 $0 6.75%

    Vermilion Bank & Trust Company lent most frequently to those with DTI ratios of <20%, with 13 originations. The next most common DTI ratio? 20-30%, with 10 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 40 $2,130,000 $53,250 $990 6.57%
    Asian 4 $400,000 $100,000 $0 5.50%
    Black 5 $65,000 $13,000 $120 6.70%

    Approval Rates

    Total approvals of all applications
    96.08%

    Vermilion Bank & Trust Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 49 $2,595,000 $52,959

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 4 $420,000 $105,000
    Single Family (1-4 Units):Site-Built 45 $2,175,000 $48,333

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 13 $505,000 $38,846 $536 6.54%
    40-60% 7 $385,000 $55,000 $1,227 6.89%
    60-80% 10 $690,000 $69,000 $1,621 6.23%
    80-100% 5 $405,000 $81,000 $1,101 6.48%
    Over 100% 3 $445,000 $148,333 $0 6.50%
    Under 20% 11 $165,000 $15,000 $318 6.43%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Vermilion Bank & Trust Company 211 Main Street Gueydan, LA 70542 Full Service B&M $8,413
    Vermilion Bank & Trust Company 420 N Cushing Ave Kaplan, LA 70548 Full Service B&M $89,461
    Vermilion Bank & Trust Company West Highway 14 And Trahan Avenue Kaplan, LA 70548 Full Service B&M $0

    For 2018, Vermilion Bank & Trust Company had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $5,004
    Net interest income $4,714
    Total noninterest income $1,022
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $521
    Trading account gains and fees $0
    Additional Noninterest Income $501
    Pre-tax net operating income $1,637
    Securities gains (or losses, -) $4
    Income before extraordinary items $1,641
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,641
    Minority interest net income $0
    Net income $1,641
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,637

    Vermilion Bank & Trust Company's gross interest income from loans was $5,004,000.
    Vermilion Bank & Trust Company's net interest income from loans was $4,714,000.
    Vermilion Bank & Trust Company's fee based income from loans was $521,000.
    Vermilion Bank & Trust Company's net income from loans was $1,641,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $290
    Provision for credit losses $470
    Total noninterest expense $3,629
    Salaries and employee benefits $2,007
    Premises and equipment expense $316
    Additional noninterest expense $1,306
    Applicable income taxes $0
    Net charge-offs $189
    Cash dividends $1,315

    Vermilion Bank & Trust Company's interest expense for loans was $290,000.
    Vermilion Bank & Trust Company's payroll and benefits expense were $2,007,000.
    Vermilion Bank & Trust Company's property, plant and equipment expenses $316,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 2.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $115,087
    Deposits held in domestic offices $115,087
    Deposits by Individuals, partnerships, and corporations $75,511
    Deposits by U.S. Government $13
    Deposits by States and political subdivisions in the U.S. $39,561
    Deposits by Commercial banks and other depository institutions in U.S. $2
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $63,540
    Demand deposits $21,954
    Nontransaction accounts $51,547
    Money market deposit accounts (MMDAs) $6,003
    Other savings deposits (excluding MMDAs) $15,748
    Total time deposits $29,795
    Total time and savings deposits $93,133
    Noninterest-bearing deposits $22,521
    Interest-bearing deposits $92,566
    Retail deposits $106,354
    IRAs and Keogh plan accounts $4,665
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $127,800
    Cash & Balances due from depository institutions $15,687
    Interest-bearing balances $13,521
    Total securities $37,643
    Federal funds sold & reverse repurchase $0
    Net loans and leases $71,416
    Loan and leases loss allowance $964
    Trading account assets $0
    Bank premises and fixed assets $364
    Other real estate owned $25
    Goodwill and other intangibles $0
    All other assets $2,665

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $127,800
    Total Liabilities $116,272
    Total deposits $115,087
    Interest-bearing deposits $92,566
    Deposits held in domestic offices $115,087
    % insured (estimated) $67
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $1
    Subordinated debt $0
    All other liabilities $1,184

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $71,416
    Loan and leases loss allowance $964
    Total loans and leases (domestic) $72,380
    All real estate loans $52,408
    Real estate loans in domestic offices $52,408
    Construction and development loans $1,013
    Residential 1-4 family construction $0
    Other construction, all land development and other land $1,013
    Loans secured by nonfarm nonresidential properties $21,616
    Nonfarm nonresidential secured by owner-occupied properties $21,074
    Commercial real estate & other non-farm, non-residential $542
    Multifamily residential real estate $2,133
    1-4 family residential loans $23,131
    Farmland loans $4,515
    Loans held in foreign offices $0
    Farm loans $4,449
    Commercial and industrial loans $9,674
    To non-U.S. addressees $0
    Loans to individuals $5,849
    Credit card loans $886
    Related Plans $0
    Consumer Auto Loans $2,622
    Other loans to individuals $2,341
    All other loans & leases $0
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $2,141
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,370
    Non 1-4 family restructured loans & leases $1,075
    Total loans and leases (foreign) $0

    Vermilion Bank & Trust Company had $71,416,000 of loans outstanding in 2018. $52,408,000 of loans were in real estate loans. $1,013,000 of loans were in development loans. $2,133,000 of loans were in multifamily mortgage loans. $23,131,000 of loans were in 1-4 family mortgage loans. $4,449,000 of loans were in farm loans. $886,000 of loans were in credit card loans. $2,622,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 119 $21,616 $181,647
    Nonfarm, nonresidential loans - <$100k 119 $21,616 $181,647
    Commercial & Industrial, US addressed loans - <$1MM 224 $9,674 $43,188
    Commercial & Industrial, US addressed loans - <$100k 224 $9,674 $43,188
    Farmland loans - <$1MM 58 $4,515 $77,845
    Farmland loans - <$100k 58 $4,515 $77,845
    Agriculture operations loans - <$1MM 75 $4,449 $59,320
    Agriculture operations loans - <$100k 75 $4,449 $59,320